We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 06 September 17
LAYTIME - CHARTERERS' RIGHTS & PORT COSTS - NORTH P&I CLUB
 KNOWLEDGE TO ELEVATE
In a recent London Arbitration decision (18/17) the Tribunal had to consider whether the owners were entitled to recover additional expenses incurred in complying with charterers’ orders to stop loading operations.
The Facts
The vessel was voyage chartered for a voyage from the USA to Venezuela. Upon arrival at the load port, loading commenced. When charterers became aware of this they ordered the loading to stop. Loading did not then recommence until four days later. Owners claimed from charterers the additional dockage, security and guards’ expenses incurred as a result of the four day interruption to loading.
The Load Port Expenses
In respect of the additional load port expenses, the Tribunal held that the allocation of such expenses would usually fall to owners under the charterparty terms. This was because the charterers were entitled to use the laytime as they wished and so it followed that the associated expenses had to lie where they fell, i.e. with the owners. However, the Tribunal accepted evidence from the owners that an oral agreement had been reached between the owners and the charterers that charterers had agreed to pay the owners’ invoice in full, which included the additional port expenses. It was, therefore, as a result of this additional oral agreement that the Tribunal ordered the charterers to pay the additional port expenses to the owners. Without this oral agreement, which changed the terms of the charterparty, the owners would not have received any compensation for the additional load port expenses incurred as a result of the four day delay.
A Reminder
It is worth reminding owners that charterers do have an absolute right to use the given laytime as they see fit. There is no duty on them to load or discharge faster than the given laytime. Therefore, if a charterer orders the vessel to stop cargo operations when laytime is running, the port expenses incurred during the stop will usually be for owners. This is unless a specific clause (or additional oral or written agreement on this point) can be agreed between the owners and the charterers to the contrary.
Source: North of England P&I Club
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 10 April 17
THE CAPE INDEX WAS DOWN BY 16.32% WEEK OVER WEEK
COALspot.com: The Freight market was steady week over a week except for Cape. The cape index was down 16.32 percent week over week.
The Baltic ...
Friday, 07 April 17
INDONESIAN GOVERNMENT DECLARED SPOT COAL PRICES STAGE FIRST INCREASE OF THE YEAR
COALspot.com: Indonesian government declared coal benchmark price rose slightly in April, government data showed.
The benchmark price of Indon ...
Friday, 07 April 17
U.S WEEKLY COAL OUTPUT ALMOST FLAT WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14.5 million short tons ...
Thursday, 06 April 17
PANAMAX: THE MARKET HAS CONTINUED THE FIRM SENTIMENT FROM LAST WEEK IN BOTH HEMISPHERES - FEARNLEYS
Supramax
With holidays in Asia, the week has started very slow in Pacific. Some fixtures have still been done and levels have remained quite stab ...
Wednesday, 05 April 17
THE AVERAGE SECOND HAND PANAMAXES AND CAPES PRICES FOR A 5-YR OLD VESSEL HAS INCREASED MORE THAN 19% AND 20% RESPECTIVELY M/M - INTERMODAL
With the help of what so far appears to be a very strong grain season together with the fact that imports from China have remained so far robust in ...
|
|
|
Showing 2076 to 2080 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- Australian Coal Association
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- Mintek Dendrill Indonesia
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Dalmia Cement Bharat India
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
|
| |
| |
|
